[blindlaw] SSI payments

[James Weisberg]

Missed the earlier thread on this but:

Had a situation in 98 where I managed to have "cancelled" 70+K of student
loans.  Vehicle for this was federal code but I cannot remember which one.
I remember researching "student loans" and went right to it though.
Anyways, the individual was blind and was so when he signed his student
loans.  However, the federal code stated if such an individual's disability
increases (may have used the word "substantially") after signing the
promissory note(s) AND they are unable to find "substantial gainful
employment," a mere doctor's signature on a form and some threats at suit
get your loans "cancelled."  The cancelled part is important because it
doesn't reference on your credit the loans were not paid back but rather
only cancelled and a zero balance.  Don't see why your situation might not
work with a kind physician's help.  Good luck.

James

Law Office of J. William Weisberg
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-----Original Message-----
From: blindlaw-bounces at nfbnet.org [mailto:blindlaw-bounces at nfbnet.org] On
Behalf Of Mark BurningHawk
Sent: Thursday, February 26, 2009 9:43 AM
To: NFBnet Blind Law Mailing List
Subject: Re: [blindlaw] SSI payments

In my case, I had an education from Dartmouth before realizing that I  
would have quite a large outstanding debt from Stafford loans.  I  
didn't really understood what that meant until I hit the real world  
and started paying bills.  It was at about this time that I confirmed  
my own theory about the uselessness of my education and the rampancy  
of unemployment, especially for a young blind guy with too much talent  
and not nearly enough tact.  If I, at age 19 or 20, before graduating,  
had realized the ramifications, I wouldn't have signed the paper  
stating that I'd pay them back.  However, for whatever reason, I  
didn't realize it, and now I am poorer than ever and have about the  
same amount of debt as I did 18 years ago upon graduation.  I'm not  
interested in a debate about why this is or whose responsibility for  
which thing is whose; I just asked a question which could very  
immediately impact me, if ever the William D. Ford loan people decide  
to get nasty ... nastier...


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